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TSX Rebounds as Oil Climbs and Canada’s Jobs Data Lands

  Friday, May 8, 2026  ·  Canadian Money Brief  ·  moneysavings.ca TSX Opens Higher After Thursday Dip Canadian stocks are staging a recovery Friday morning, with the S&P/TSX Composite climbing back after a rough Thursday. The index shed 0.4% to close at 33,857 as investors locked in recent gains ahead of U.S. and Canadian jobs data due Friday — with energy shares dragging it lower as oil pulled back. As of Friday morning, the TSX had recovered to around 33,932, up roughly 1.1% , following positive cues from Wall Street futures. Oil Back in Focus: Geopolitics Drive WTI Toward $96 WTI crude futures climbed toward $96 per barrel on Friday , recouping some of the week’s losses as fresh clashes between the U.S. and Iran threatened to derail diplomatic efforts to end the conflict. U.S. Central Command confirmed American forces intercepted Iranian attacks and carried out defensive strikes, while guided missile destroyers passed through the Strait of Ho...
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Dow and S&P 500 Reach New Heights as Nvidia Ignites Market Surge

 

In a remarkable turn of events, the Dow Jones Industrial Average and the S&P 500 have both soared to record highs. Investors are riding the wave of optimism, fueled by the impressive performance of Nvidia, the artificial intelligence (AI) poster child.

Nvidia, a leading chip designer, reported bumper earnings and an upbeat outlook. The company’s shares skyrocketed, surging more than 16% to reach an all-time high. The forecast for roughly three-fold growth in first-quarter revenue has sent shockwaves through the market.

Investors wasted no time piling into growth and technology stocks. The allure of AI-driven innovation, coupled with Nvidia’s stellar results, has created a frenzy. The S&P 500 and Dow Jones Industrial Average are now scaling unprecedented heights, leaving traders and analysts buzzing with excitement.

As the market continues to ride the Nvidia wave, one thing is clear: AI is reshaping the landscape, and companies like Nvidia are leading the charge. Buckle up, investors—this rally shows no signs of slowing down! 

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